HPQ vs. QQQI

Last updated Jun 5, 2026

HPQ (HP Inc.) is a stock, while QQQI (NEOS Nasdaq-100 High Income ETF) is Nasdaq-100 fund actively managed by Neos. Over the past year, HPQ returned 9.73% vs 29.68% for QQQI. At a 0.38 correlation, their price movements are largely independent.

Performance

HPQ vs. QQQI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HP Inc. (HPQ) and NEOS Nasdaq-100 High Income ETF (QQQI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HPQ achieves a 19.96% return, which is significantly higher than QQQI's 13.04% return.

HPQ

• 1D: 1.00%
• 1M: 24.35%
• YTD: 19.96%
• 6M: 4.42%
• 1Y: 9.73%
• 3Y*: 0.39%
• 5Y*: 0.54%
• 10Y*: 10.41%

QQQI

• 1D: -0.35%
• 1M: 5.60%
• YTD: 13.04%
• 6M: 12.57%
• 1Y: 29.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

HPQ vs. QQQI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HPQ HP Inc.	19.96%	-28.69%	15.71%
QQQI NEOS Nasdaq-100 High Income ETF	13.04%	18.62%	19.83%

Correlation

The correlation between HPQ and QQQI is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (All Time) Calculated using the full available price history since Jan 31, 2024	0.38

The correlation between HPQ and QQQI shifts across timeframes, from 0.24 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HPQ vs. QQQI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HPQ

HPQ Risk / Return Rank: 48
HPQ Sharpe Ratio Rank: 50
HPQ Sortino Ratio Rank: 47
HPQ Omega Ratio Rank: 45
HPQ Calmar Ratio Rank: 48
HPQ Martin Ratio Rank: 47

QQQI

QQQI Risk / Return Rank: 70
QQQI Sharpe Ratio Rank: 72
QQQI Sortino Ratio Rank: 68
QQQI Omega Ratio Rank: 72
QQQI Calmar Ratio Rank: 63
QQQI Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

HPQ vs. QQQI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HP Inc. (HPQ) and NEOS Nasdaq-100 High Income ETF (QQQI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	HPQ	QQQI	Difference
Sharpe ratio: Return per unit of total volatility	0.24	2.30	-2.05
Sortino ratio: Return per unit of downside risk	0.70	3.05	-2.35
Omega ratio: Gain probability vs. loss probability	1.08	1.42	-0.34
Calmar ratio: Return relative to maximum drawdown	0.27	3.10	-2.84
Martin ratio: Return relative to average drawdown	0.48	13.93	-13.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HPQ vs. QQQI - Sharpe Ratio Comparison

The current HPQ Sharpe Ratio is 0.24, which is lower than the QQQI Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of HPQ and QQQI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HPQ	QQQI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	2.30	-2.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	1.32	-1.09

Drawdowns

HPQ vs. QQQI - Drawdown Comparison

The maximum HPQ drawdown since its inception was -85.19%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for HPQ and QQQI.

Drawdown Indicators

	HPQ	QQQI	Difference
Max Drawdown Largest peak-to-trough decline	-85.19%	-20.00%	-65.19%
Max Drawdown (1Y) Largest decline over 1 year	-36.62%	-9.61%	-27.01%
Max Drawdown (3Y) Largest decline over 3 years	-51.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.23%	—	—
Current Drawdown Current decline from peak	-28.38%	-0.52%	-27.86%
Average Drawdown Average peak-to-trough decline	-30.87%	-2.19%	-28.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.50%	2.14%	+18.36%

Volatility

HPQ vs. QQQI - Volatility Comparison

HP Inc. (HPQ) has a higher volatility of 23.58% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 2.69%. This indicates that HPQ's price experiences larger fluctuations and is considered to be riskier than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HPQ	QQQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.58%	2.69%	+20.89%
Volatility (6M) Calculated over the trailing 6-month period	32.07%	9.85%	+22.22%
Volatility (1Y) Calculated over the trailing 1-year period	40.09%	12.98%	+27.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.77%	17.05%	+18.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.26%	17.05%	+18.21%

Dividends

HPQ vs. QQQI - Dividend Comparison

HPQ's dividend yield for the trailing twelve months is around 4.48%, less than QQQI's 13.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HPQ HP Inc.	4.48%	5.24%	3.42%	3.53%	3.77%	2.21%	2.94%	3.20%	2.83%	2.56%	3.40%	129.70%
QQQI NEOS Nasdaq-100 High Income ETF	13.24%	13.82%	12.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HPQ and QQQI in my portfolio?

HPQ and QQQI have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HPQ or QQQI?

HPQ has higher volatility (23.58%) compared to QQQI (2.69%). In terms of maximum drawdown, HPQ dropped -85.19% vs QQQI's -20.00%.

Which has better risk-adjusted returns?

QQQI currently has the higher Sharpe Ratio (2.30 vs 0.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.